The spinoff of Time Inc. to create the world's largest publicly-traded magazine publisher may be just the beginning of deals for the owner of People and Sports Illustrated.With analysts estimating an enterprise value of about $3.9 billion—a measure of what it could cost to buy a company—an independent Time Inc. will be bigger than any other publicly held enterprise focused on magazine publishing, according to data compiled by Bloomberg. Following a failed attempt to divest some magazines to Meredith Corp., Time Inc. could actually buy Meredith, which is half its projected size, to consolidate costs, said Wunderlich Securities.Or, Time Inc.'s titles and its more than $3 billion in annual revenue may lure private-equity interest, said Wedbush Inc.Time Inc. "could either be an acquisition target for a larger, traditional publishing company or it could itself be an acquirer," Brett Harriss, an analyst at Gabelli & Co., which owns Time Warner shares, said in an interview. "It's clear that magazine publishing is likely in secular decline. That being said, it doesn't mean it's valueless."The spinoff, planned for this year, will shield Time Warner's cable networks and film studio from the publishing industry's struggles with the transition to the Internet and lower online advertising rates, according to Argus Research Co. Time Warner shares already have risen 7.9% since talks of separating the magazine unit emerged, almost eight months after Rupert Murdoch's News Corp.... Continue reading at 'Crains New York'
[ Crains New York | 2013-03-15 00:00:00 UTC ]
News tagged with:
#jeff bewkes
#declining revenues
#evolving industry
#makes sense
#strategic alternatives
Amazon says it has signed a deal for the electronic books rights to all seven Harry Potter titles in English, French, Italian, German and Spanish for its Kindle lending library. Continue reading at Stuff
[ Stuff | 2012-05-11 00:00:00 UTC ]
More news stories like this |
Time magazine's breastfeeding cover story asks: "Are You Mom Enough?" But it might as well ask: "Who Says Print Is Dead?" Continue reading at Los Angeles Times
[ Los Angeles Times | 2012-05-11 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#time magazine
Although print accounts for 80% of Hearst's revenues, the publisher is spending 80% of its time on the "huge potential" of digital, according to Ella Dolphin, publishing director of Hearst Magazines UK's young women's group. Continue reading at Media Week
[ Media Week | 2012-05-09 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#young women
#huge potential
#ppa conference
#ella dolphin
Houghton Mifflin Harcourt (HMH) has teamed up with Barnes & Noble’s Nook to deliver e-... Continue reading at The Bookseller
[ The Bookseller | 2012-05-03 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#barnes noble
Not a good sign for the magazine business: A rough quarter for Time Inc. the world's biggest magazine publisher. Continue reading at AllThingsD
[ AllThingsD | 2012-05-02 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#magazine business
Time Inc. reports a loss in both advertising and subscription revenue in the first quarter of 2012. Ad revenue decreased five percent (equivalent to $19 million), with subscription revenue down two percent (valued at $6 million). Continue reading at Folio Magazine
[ Folio Magazine | 2012-05-02 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#$6 million
#subscription revenue
#advertising revenues
The deal with the maker of the popular Nook ebook reader shows that Microsoft, like Apple, understands that ecosystems are the key to success. Continue reading at PC World
[ PC World | 2012-05-01 00:00:00 UTC ]
More news stories like this |
J K Rowling's The Casual Vacancy is to be published in Germany by Carlsen and Ullstein,... Continue reading at The Bookseller
[ The Bookseller | 2012-04-27 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#casual vacancy
Authors have called for the Carnegie Medal to offer two separate awards. The medal, which is... Continue reading at The Bookseller
[ The Bookseller | 2012-04-27 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#separate awards
#carnegie medal
Weidenfeld & Nicolson has acquired one of the hotly-tipped books of London Book Fair, Golden... Continue reading at The Bookseller
[ The Bookseller | 2012-04-27 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#weidenfeld nicolson
Penguin Children’s has acquired UK and Commonwealth rights from Penguin US division Dutton... Continue reading at The Bookseller
[ The Bookseller | 2012-04-20 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#acquired uk
#penguin children
More than 400 authors are scheduled over the two days at USC. Writers as varied as Anne Rice and Jeff Kinney will hold court.What do Sugar Ray Leonard, Judy Blume, Betty White, T.C. Boyle, Rodney King, Joseph Wambaugh and Kareem Abdul-Jabbar have in common? They're just a few of the high-profile... Continue reading at Los Angeles Times
[ Los Angeles Times | 2012-04-19 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#kareem abdul-jabbar
#rodney king
#judy blume
#jeff kinney
#anne rice
Hachette UK has topped the shortlist league table for the 2012 Bookseller Industry Awards, the... Continue reading at The Bookseller
[ The Bookseller | 2012-04-16 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#hachette uk
Five of the companies under investigation in Europe over ebook pricing have made representations... Continue reading at The Bookseller
[ The Bookseller | 2012-04-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#ebook pricing
Hachette UK c.e.o. Tim Hely Hutchinson has assured authors that the publisher is... Continue reading at The Bookseller
[ The Bookseller | 2012-04-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#hachette uk
#hely hutchinson
Sceptre has signed three new titles, striking deals for a non-fiction title about avoiding errors... Continue reading at The Bookseller
[ The Bookseller | 2012-04-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#non-fiction title
#striking deals
The Interactive Advertising Bureau is addressing a problem that's plagued tech-centric industries since the first Mac-vs.-Dos argument: standardization. The problem has become acute for Web video, an industry enjoying meteoric growth, and the growing pains that come with that growth. So the IAB... Continue reading at AdWeek
[ AdWeek | 2012-04-11 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#tech companies
#good time
#ad break
Hot pre-Fair debut The Palace of Curiosities by poet and performance artist Rosie Garland has... Continue reading at The Bookseller
[ The Bookseller | 2012-04-10 00:00:00 UTC ]
More news stories like this |
An interracial couple navigates modern life in South African in 'No Time Like the Present,' by Nadine Gordimer.No Time Like the Present Continue reading at Los Angeles Times
[ Los Angeles Times | 2012-04-08 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#south african
#nadine gordimer
#book review
Hugh Howey has not quite broken out in the way recent self-publishing superstars like Amanda Hocking and John Locke have, but his sales record has made New York publishing houses take notice. Best known among his avid fan base for Wool, his five-part science fiction series, Howey estimates that... Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-04-06 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#told pw
#traditional houses
#sales record
#john locke
#amanda hocking
#hugh howey